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US Banks Battered On Spain's Bailout Approval
From the mysterious pre-Summit ramp in the afternoon of 6/28, the major US financials managed gains from 6 to 11% within a few days. As reality sets in and that sinking feeling rears its ugly head, so one-by-one, all that exuberance has faded. While the financial ETF XLF remains higher, the major US financials are considerably lower with BofA -6%, MS -5%, and JPM -3% from those pre-Summit levels...
It seems buy the rumor, sell the news was the game...
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crazy i know....but the market still acts good, considering all this shit
green by the bell
People are buying companies that actually produce something so at least they have some wealth left after the dollar collapse.
HELL FREEZES OVER - Romney Tweets His Support For Ron Paul And 'Audit The Fed'
Just a thought - - - could it be that Morgan Stanley actually reports earnings (and losses)? Where the other financial institutions play with a lot of shuffling decks, a little of this, a reassignment of that, no mark to market? Kinda like CNBC now lamenting the falling Euro and how it will hurt the US with a strengthening US$ . . . making commodities prices in US$ more dear. But a stronger US$ also means purchasing power remains intact versus constantly degrading the same.
Not all is what is seems.
Cramer was going to mention the banks tonight, but he called out sick...indegestion from Chipolte's earnings and diarreaha from Chipolte's food.
Has cramer also had insomnia and night sweats from worrying that everyone is on to his charade and lies?
Or is Cramer just an amoral twit?
can't I choose both?
I can't stand that fucking blabermouth moron. When I'm channel surfing, I can't flip past that ass hole fast enough......the show is like watching big time wrestling.......only for the brain dead.
Tony - work with me here. The irony of your post is astounding - ...only for the brain dead. ??? Tony, that would be you. The whole damn TV is ...only for the brain dead. Put the remote down. Pick up your big screen and drop it out the window.
[Anyone living in a hi-rise will need to check first to warn away anyone in the landing zone. People will applaud you. Letterman used to get a lot of laughs with similar.]
They are molding the inside of your cranium and you are openning the door, inviting them in. Astounding.
Bailouts are expensive and not productive. Just a massive dumping of money down the toilet.
Euro and Iggy Pop (Italy, Greece and Spain) yields jumped. Nice bailout!
http://confoundedinterest.wordpress.com/2012/07/20/approaching-the-zero-bound-euro-dives-igs-yield-rise-10-year-treasury-yield-declines-mortgage-rates-to-follow/
They should start shoring things up now so they can crash again next week.
If the financials die a slow death, and the market isn't listening, does it make a difference? (sound)
KRE is unfazed.
Regional banks are now the powerhouses.
Now sitting on its 50-day EMA
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=kre&inst...
The big banks and investment banks are too big and too slow and have targets on their backs.
So would you call CMG fazed?
pods
KRE is down today.
i keep sayin' it... power is moving away from the old names: GS, MS, C, BAC to the NEW names: BX, KKR, APO. "Ownership" is replacing "transaction". Certainly fits in a world of declining fiat and scramble for hard assets.
"Regional banks are now the powerhouses." Yes, especially love the 5 yr charts on STI (90 to 23) and RF (37 to 6). Looking just a bit fazed.
BoFA back to 4.99 soon enough.
As speculation mounts about the motive behind the mass shooting, one private investigator has claimed that Holmes may have been part of Occupy Wall Street's most violent faction Occupy Black Bloc.
Bill Warner told how the Batman movie portrays the OWS crowd in a negative vein, leading him to believe that may have been a cause behind the shooting.
Read more: http://www.dailymail.co.uk/news/article-2176495/Explosion-booby-trapped-apartment-lone-gunman-James-Holmes-24-killed-12-midnight-Batman-premier-Denver.html#ixzz21AqxXiFB
Do you work for the Government? ^^
...oh wait - I just saw your source - you're just a normal moron sheeperson.
You demonstrated your ignorance by not knowing what a black bloc is - just as the Daily mail did too.
I've been in a black bloc - there is no violence against citizens.
I want to tell you to fuck off because my point was how quickly they are blaming the WRONG people.
SURPRISED NOT TO SEE MS TRADING AT 8$ THE PIECE, BofA AT 5$, JPM AT 28$ AND GS AT 85$, MAYBE THAT'S WHAT IS COMING NEXT WEEK....ALSO JEF IS WORTH NO MORE THAN 6$ THE PIECE
Is volume weird? I'm showing a pickup in volume on the DOW & S&P, but my individual stocks are pretty low. Have all the individual investors been scalped out by the algo's and the only volume left a ripple effect from the major ETF's?
Congratulations, if you are trading individual stocks you may be an endangered species and therefore eligible for Federal funding.
Green by the Bell.
Black by the Day.
Light by the Night.
Hell on the Way.
Where's the Limerick King when you need him.
no surprize here.
http://expose2.wordpress.com/2011/11/20/a-voice-from-the-dark/
Be careful what you wish for?
Why the Obama Administration Will Hate Neil Barofsky’s Book “Bailout”Having read an advance copy of former Special Inspector General of the TARP Neil Barofsky’s new book, Bailout, I am pretty confident most NC readers would enjoy it. He got to be what I call a designated asshole in his DC incarnation, not that that was the way it had to turn out. For some unfathomable reason, the Bush White House decided it wanted someone who’d take the SIGTARP role seriously in the job. And they chose a Democrat, perhaps figuring that as much as he’d be a thorn in their side, Obama would be hard pressed not to keep him on, and he’d be even more of a problem for them
Read more at http://www.nakedcapitalism.com/2012/07/why-the-obama-administration-will-hate-neil-barofskys-book-bailout.html#TztfA4drw3cPcmis.99
Who's Obama and why should I care?